Thursday March 27, 7:35 PM
Tata Asset plans natural resources fund
MUMBAI, March 27 (Reuters) - Tata Asset Management Ltd on
Thursday sought approval from the market regulator to launch an
open-end equity fund to invest in firms engaged in natural
resources.
Tata Natural Resources Fund will invest at least 65 percent of
its assets in companies discovering, developing, producing or
distributing natural resources, the fund house said in its
offer document.
The fund can invest up to 35 percent of the assets in
stocks of other companies, debt and money market instruments.
(Reporting by Nishant Kumar; editing by Sunil Nair)
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